29 Oct 2025 | 5 Mins Read
Metal index surges on hopes for Fed rate cut
Flipitmoney
Metal stocks jumped 2% ahead of the US Federal Reserve's policy meeting, with Steel Authority of India shares soaring 8%. SAIL hit Rs 142 apiece. Other metal stocks including Hindustan Copper, Hindustan Zinc, and Vedanta also rose up to 3%. Expectations of a US rate cut and potential cooling of trade tensions between the US and China contributed to the surge.